Category: Web/Tech companies

Dropbox and Box are two rival cloud-storage companies that are raising large amounts of capital lately, but they are doing it in different ways under the securities laws. Dropbox.com is raising private capital through a private placement of securities while Box.com is raising public capital through an initial public offering. Success and failure in an…

Certainly the IRS will find a way to tax bitcoin. Recently, the Service issued a statement to the Wall Street Journal saying: “The IRS continues to study virtual currencies and intends to provide some guidance on the tax consequences” of transactions involving them. The agency is also “aware of the potential tax compliance risks posed by…

DealBook reports that Coinbase, a startup that aims to help bitcoin and other virtual currencies gain acceptance, raised $25 million in financing. DealBook reports that “A steady stream of Silicon Valley investors has been building stakes in virtual currency start-ups. Last month, a Chinese Bitcoin exchange raised $5 million from Lightspeed Venture Partners. Google’s venture capital…